No­tice re­gard­ing State Farm Cal­i­for­nia Per­sonal Prop­erty De­pre­ci­a­tion De­ci­sion

Escalon Times - - NEWS -

Since this law­suit was filed, State Farm has changed its claim ad­just­ment prac­tices. State Farm now asks pol­i­cy­hold­ers who make a per­sonal prop­erty claim to rate the con­di­tion of each item of lost or dam­aged per­sonal prop­erty they claim. State Farm then fac­tors con­di­tion into its cal­cu­la­tion of de­pre­ci­a­tion. The full text of the Court’s De­ci­sion is avail­able at state­farm­per­son­al­prop­er­ty­set­tle­ment.com. The case re­gard­ing State Farm’s method of de­pre­ci­at­ing per­sonal prop­erty in Cal­i­for­nia was tried in Santa Clara County Su­pe­rior Court in Novem­ber and De­cem­ber of 2015. Af­ter hear­ing the ev­i­dence and ar­gu­ments pre­sented by both sides, the Court is­sued its de­ci­sion on April 20, 2016. The Court held that for cer­tain claims State Farm did not cal­cu­late de­pre­ci­a­tion ac­cord­ing to the re­quire­ments of Cal­i­for­nia law and also failed to ad­e­quately no­tify its pol­i­cy­hold­ers, in writ­ing, of the ba­sis or rea­son­ing for its cal­cu­la­tion of de­pre­ci­a­tion.

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